Inflation
Repo rate to remain unchanged at 3.5%
This come after the bank's Monetary Policy Committee cut the repo rate by 275 basis points last year to try and counter the effects of negative growth due to...
Prior to Thursday's announcement, the bank's Monetary Policy Committee had cut the repo rate by 275 basis points this year to try and counter the effects of negative growth due to COVID-19.
The arrested shopkeepers have been charged with breaching a section of the Bank Use Promotion Act.
Annual CPI inflation dipped lower to 4.1% in March from February’s reading of 4.6%, according to data from Stats SA on Wednesday.
The year-on-year CPI reading was the lowest since December 2010, when the rate was 3.5%
The repo rate is the rate at which the central bank lends money to commercial banks.
On Wednesday, Stats SA announced that the headline consumer price index fell to 3.7% in October, down from 4.1% the month before.
Headline consumer inflation slowed to 3.7% year-on-year in October from 4.1% in September while monthly price growth was flat at 0%.
The consumer price inflation eased to 4,0% in July 2019 from 4,5% in June 2019, data released by StatsSA on Wednesday showed.
Zimbabweans are angry as year-on-year inflation of around 100% has eaten the value of their wages and savings, recalling the horrors of the hyperinflation era in 2008.
Core inflation - which excludes the prices of food, non-alcoholic beverages, petrol and energy - was at 4.1% year on year versus a 4.1% increase in April.
Statistics South Africa says headline consumer inflation fell to 4% year on year in January from 4.5% in the previous month.
Statistics South Africa released the data on Wednesday.
Stats SA has announced inflation numbers for October.
Core inflation, which excludes the prices of food, non-alcoholic beverages, petrol and energy, rose to 4.3% year-on-year from 4.2%.
By Dr Jack & Curtis.
On a month-on-month basis, inflation slowed to 0.2% in May from 0.8% in April.
Food inflation has been in double digits for almost three years, but has slowed for more than six months.
Stats SA says much of the increase was a result of price rises in product groups that attract specific taxes, namely alcohol, fuel and sugary drinks.